Market View 10 August 2011

What a turnaround in US market in
such a short period! Major indexes in
the US closed in the high after "The
Federal Reserve offered super-low interest
rates for two more years". Dow was down
more than 200 points before the Fed
announcement brought it back from the dead
and closed up 430 points or 4%.
S&P 500 also added 4.8% and Nasdaq
soared 5.3%

If you ask my opinion on the current market
situation, I have to say that it is merely a rebound
that we are looking at now. US indexes may continue
to surge forward or it may go into reverse gear again
tonight.

I am still a buyer at this stage but I am picking up
quality stocks bit by bit now. I will turn net buyer
as and when STI is in the 27XX region which I
really hope it will fall further to my desired level.
The blue chips had been battered quite badly
regardless of its inherent fundamental value,
but I see value in them and will buy and hold
them for the mid-term. Other quality pennies and
mid-caps are mentioned in my blog for many
times and I wish to repeat them again.

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict Money(Risk)-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.
See their comments here:
http://stocklobang.blogspot.com/feeds/comments/default

As usual,
Stay Alert but be Aggressive too.
Audentes Fortuna Juvat !!

市场生存座右铭: 风林火山 

别人笑我太疯颠，我笑别人看不穿